photo by Pear Biter
Quote for the day:
"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."
In the News:
IBM, led by strong operational performance in Asia, Europe and emerging countries, expects to report strong earnings on Thursday ($2.80 a share vs consensus of $2.60 and $2.26 a year ago).
Citigroup write-offs could reach $24 billion and may raise as much as $15 billion from selling stakes to foreign and domestic investors; Citigroup's stock has been trading up on the news.
Merrill Lynch's write-down could be as much as $10-$20 billion and they are seeking $4 billion in a second capital raising; Merrill Lynch's stock trading up today. Sphere: Related Content
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